StartupTalky

Tag: IoT

  • MapmyIndia’s Journey: Transforming India’s Digital Landscape

    With an unmatched focus on India’s diverse geographic needs, MapmyIndia has developed a comprehensive mapping platform that goes beyond traditional road navigation. From automotive solutions to smart city applications, their products and services cater to industries like fleet management, real-time traffic monitoring, e-commerce, and government sectors.

    MapmyIndia’s dedication to accuracy, local relevance, and amazing technology has earned it a strong market position, distinguishing it from global competitors. With a firm belief in empowering users, MapmyIndia is committed to continuing its expansion across India and beyond, shaping the future of location-based services.

    In this StartupTalky article, we’ll take a deeper look into MapmyIndia’s startup journey, business model, revenue model, funding, IPO, strategic investments, and vision for global and technological expansion.

    MapmyIndia – Company Highlights

    Name MapmyIndia
    Headquarters New Delhi, India
    Sector IT
    Founder Rakesh Verma and Rashmi Verma
    Founded 1995
    Website Mapmyindia.com

    MapmyIndia – About
    MapmyIndia – Industry
    MapmyIndia – Founders and Team
    MapmyIndia – Startup Story
    MapmyIndia – Mission and Vision
    MapmyIndia – Name, Tagline and Logo
    MapmyIndia – Business Model
    MapmyIndia – Revenue Model
    MapmyIndia – Challenges Faced
    MapmyIndia – Funding and Investors
    MapmyIndia – Investments
    MapmyIndia – Mergers and Acquisitions
    MapmyIndia – Growth
    MapmyIndia – Advertisements and Social Media Campaigns
    MapmyIndia – Awards and Achievements
    MapmyIndia – Competitors
    MapmyIndia – Future Plans

    MapmyIndia – About

    MapmyIndia is a pioneering Indian technology company focused on creating advanced digital mapping and location-based solutions. Since its start in 1995, the company has grown significantly and now offers a suite of services including high-quality digital maps, telematics solutions, location-driven SaaS products, and cutting-edge GIS and AI technology. With its main office in New Delhi, MapmyIndia also operates regional hubs in Mumbai and Bengaluru, along with a network of smaller offices throughout India. On the international front, MapmyIndia has established a presence in the San Francisco Bay Area and Tokyo, furthering its global reach and influence in the digital mapping space.

    MapmyIndia – Industry

    The Indian geographic information system (GIS) market is on a strong upward trajectory, with a valuation of $547.3 million in 2023 and an anticipated compound annual growth rate (CAGR) of 13.5% through 2032. This growth is largely driven by the increased adoption of advanced GIS solutions across sectors such as agriculture, military, real estate, and transportation, each benefiting from the enhanced data insights and precision that GIS technology provides.

    In terms of market composition, GIS in India spans three key segments: hardware, software, and services. At present, software dominates the market share, reflecting the high demand for GIS applications that help organizations visualize, analyze, and interpret spatial data.

    Advancements in artificial intelligence (AI), cloud computing and the Internet of Things (IoT) are further boosting the appeal and versatility of GIS technology. These innovations are making GIS more powerful and accessible, offering businesses more ways to integrate spatial data into their operations. As these technologies continue to evolve, GIS solutions are expected to become increasingly critical for data-driven decision-making across both public and private sectors in India.

    MapmyIndia – Founders and Team

    Rakesh Verma

    Rakesh Verma - Founder and Chairman, MapmyIndia
    Rakesh Verma – Founder and Chairman, MapmyIndia

    Rakesh Verma, Co-founder, Chairman, and Managing Director of MapmyIndia, has played a pivotal role in shaping the digital mapping landscape in India. Alongside his wife, Rashmi Verma, he co-founded CE Info Systems in 1995, inspired by the possibilities of Geographic Information Systems (GIS) to revolutionize data access and mapping in India.

    With a background in mechanical engineering from the Birla Institute of Technology and Science (BITS), Pilani, and an MBA from Eastern Washington University, Verma initially built a successful career with General Motors in the U.S. before deciding to return to India. In 1993, his introduction to GIS sparked a vision for India’s digital mapping potential—a vision he was determined to realize. Under his leadership, MapmyIndia undertook the ambitious project of creating India’s first comprehensive digital map, laying the groundwork for the company’s future as a leader in digital maps, location-based solutions, and GIS technology.

    Verma’s expertise and contributions earned him an appointment to the Government of India’s Committee on Geographical Information Systems (GIS), further solidifying his influence in the field. His journey highlights a commitment to innovation and to advancing India’s technological landscape.

    Rashmi Verma

    Rashmi Verma - Co-founder and CTO, MapmyIndia
    Rashmi Verma – Co-founder and CTO, MapmyIndia

    Rashmi Verma, co-founder & CTO of MapmyIndia, has had an extraordinary career shaped by a deep commitment to technology and a desire to make a difference. An alumna of IIT Roorkee, where she earned her Bachelor’s in Engineering with Distinction in 1977, she went on to pursue an MS from Eastern Washington University in 1979. Her early career was marked by rapid growth at IBM in the U.S., where she rose from Software Engineer to consultant for IBM Global Business Services.

    Despite her success in the U.S., Rashmi chose to leave a well-established career to follow her vision of bringing advanced IT solutions to India. Alongside her husband, Rakesh Verma, she co-founded CE Info Systems in the early 1990s, driven by her extensive technical experience and a passion for innovation. Her background with IBM gave her a strong foundation in the latest software technologies, which proved invaluable as she embarked on her entrepreneurial journey.

    Beyond her work in technology, Rashmi is a frequent speaker at women’s business leadership events, where she encourages other women to pursue their entrepreneurial dreams. She and her husband live in New Delhi and they have two children, both accomplished in their respective fields. Rashmi Verma’s journey is an inspiring example of how determination and vision can bring about transformative change.

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    Rohan Verma

    Rohan Verma MapmyIndia CEO & Executive Director
    Rohan Verma MapmyIndia CEO & Executive Director

    Rohan Verma is the CEO and Executive Director of MapmyIndia. While still studying at Stanford University, he played a key role in the creation of MapmyIndia. Rohan holds a Bachelor of Science (BS) in Electrical Engineering from Stanford University and an MBA from London Business School (2013-2015).

    In addition to his work at MapmyIndia, Rohan has served as an advisor and investor for Visit Health and as a board member at Cholamandalam Investment and Finance Company Limited.

    In December 2024, Rohan Verma announced his decision to step down as CEO of MapmyIndia to start a new B2C venture. He will continue as a Non-Executive Director on MapmyIndia’s board starting in April 2025.

    MapmyIndia – Startup Story

    Rakesh and Rashmi Verma co-founded MapmyIndia in 1995, with a vision to create India’s first digital mapping and GPS navigation service. Driven by the stark realization that India’s map data hadn’t been updated since the colonial era, the Vermas identified a critical need for comprehensive, accurate mapping solutions in the country. Although they initially approached the government for geographical data, they encountered bureaucratic roadblocks. This challenge prompted them to build a mapping database themselves—pioneering the use of both digital tracing and physical surveys.

    The couple began their venture from a small three-bedroom apartment in New Delhi. They used a unique approach that combined top-down and bottom-up strategies. They digitally traced all available paper maps while conducting extensive field surveys to capture granular details that no digital maps in India yet had. This Herculean effort involved over 400 surveyors who trekked through cities and villages, manually gathering data to create a precise digital map of India.

    Their journey officially took off with Coca-Cola as MapmyIndia’s first enterprise client, helping the beverage giant define precise distribution territories, an invaluable service at a time when accurate local maps were scarce. Soon, other major companies like Marico, Hindustan Unilever, and the Indian Defense Services followed suit. By the early 2000s, MapmyIndia’s enterprise client base expanded to 500, providing vital mapping services for logistics, telecommunications, and defense.

    Over 25 years, MapmyIndia’s database has evolved to cover over 10.54 million unique destinations, 2 million kilometers of road, and 7068 cities with street-level data. The platform also includes house-level data for 80 cities, comprehensive mapping of 600,000 villages, and 3D landmarks in 86 cities. Today, MapmyIndia stands as India’s leading provider of location technology, offering an extensive API stack, IoT devices, mobile applications, and navigation tools that challenge global players like Google. The Vermas’ vision has transformed MapmyIndia into a critical asset for businesses, government agencies, and individual users, marking it as a pioneer in India’s digital transformation in geospatial technology.

    MapmyIndia – Mission and Vision

    MapmyIndia’s mission and vision reflect a commitment to making the world a better place through advanced location technology, IoT, and mapping solutions. With a strong focus on India, MapmyIndia delivers localized products and services that consider the unique cultural and geographical diversity of the country. Their deep understanding of India’s people, languages, and regional nuances enables them to develop tools that are both highly effective and culturally resonant.

    A core part of their mission is to empower users by providing accessible, intuitive solutions that help them navigate and address daily challenges—whether in logistics, personal navigation, or enterprise needs. MapmyIndia’s dedication to continuous innovation underscores its commitment to solving evolving problems, staying ahead in the geospatial and mapping industry, and enhancing its technology to offer best-in-class solutions.

    Through these efforts, MapmyIndia aims not only to lead in India but also to set a global standard for impactful, user-focused technology that leverages maps and location intelligence to improve everyday life.

    MapmyIndia Logo

    MapmyIndia’s logo, with its dynamic font and vibrant hues, represents innovation and progress in geospatial technology. The design symbolizes a modern and comprehensive approach to mapping, to convey the company’s mission to connect people, businesses, and governments through precise and user-centric mapping solutions.

    Tagline: “Not just roads, we take you to doors.”
    This tagline perfectly describes MapmyIndia’s commitment to providing precise, hyperlocal mapping and navigation solutions. It emphasizes its focus on detailed, last-mile connectivity, ensuring seamless navigation not only through roads but also to exact doorsteps, reflecting the company’s drive for accuracy and usability.

    MapmyIndia – Business Model

    With a broad portfolio of services, MapmyIndia serves a wide array of clients across industries, from private companies in logistics and banking to public-sector organizations in transportation and emergency response. Their multi-layered service structure—MAAS, SAAS, PAAS, and DAAS—demonstrates MapmyIndia’s versatility and strategic alignment with diverse market needs, establishing them as a comprehensive provider in the location intelligence and geospatial technology space.

    1. MAAS – Maps-as-a-Service
    MapmyIndia provides comprehensive mapping solutions to support businesses across multiple sectors. By offering their extensive digital maps as a service, MapmyIndia powers navigation and location-based services for automotive, fleet management, and mining companies. These maps are frequently used in school bus tracking, eCommerce deliveries, and paint companies to optimize operations with accurate and updated geographic data.

    2. SAAS – Software-as-a-Service
    The company’s SAAS solutions focus on specialized software applications built around geospatial data. These solutions serve sectors like video telematics for real-time surveillance, banking and NBFCs for location-based customer services, and government organizations for applications like GPS installations, real-time traffic monitoring, and emergency response systems. Additionally, EV charging stations leverage MapmyIndia’s SAAS to help users locate nearby charging points, facilitating the growing electric vehicle ecosystem.

    3. PAAS – Platform-as-a-Service
    As a PAAS provider, MapmyIndia offers robust geospatial platforms that support diverse applications. Ecommerce platforms and state transport organizations benefit from these platforms for optimizing logistics and managing real-time traffic updates. They also extend services to property tax assessment, providing accurate location data and helping municipal corporations assess and track property values.

    4. DAAS – Drone-as-a-Service
    MapmyIndia’s drone services (DAAS) are tailored for industries such as mining for land surveying and state police for emergency and real-time surveillance. Drones provide valuable data to support property tax assessments, helping governments and local bodies achieve accurate property mapping.

    5. Consumer Gadgets and Devices
    MapmyIndia caters to end consumers by offering GPS-enabled gadgets and devices that provide navigation solutions tailored for personal use.

    MapmyIndia Business Model | Funding, Marketshare and More!
    MapmyIndia is India’s most comprehensive GPS navigation solutions provider. Read to know the business model of MapmyIndia, how it earns money, and more!
    StartupTalkyPV Vyshnavi

    MapmyIndia – Revenue Model

    MapmyIndia has expanded its range of services, offering a comprehensive API stack that powers geo-locational functionality in various applications. This API suite supports app developers across sectors—examples include OLX, Flipkart, and accessibility apps for the visually impaired. The stack enables advanced navigation, tracking, telematics, and location-based analytics, with use cases extending to smart parking systems and personalized maps.

    To enhance accessibility, MapmyIndia adopted a freemium model for its API stack. Rohan Verma, the CEO of MapmyIndia explained that going freemium was a strategic choice to broaden reach and adoption. With this model, MapmyIndia has observed significant growth in developers using its APIs, contributing to a notable increase in user base and customer engagement. Currently, the company boasts over 5,000 enterprise customers, holds an impressive 80% market share in the location intelligence sector, and supports more than 2,000 SaaS customers who utilize its platforms for fleet management and location analytics.

    MapmyIndia has also diversified into several specialized initiatives:

    1. CBDT Collaboration: The company assists the Central Board of Direct Taxes (CBDT) by mapping transactions to better assess taxable income based on locational data. By linking geographic information to PAN card data, the initiative aims to expand India’s taxpayer base.
    2. SBI Finder App: This app aids users in locating SBI ATMs, PoS, branches, and fuel stations with cash points, showing MapmyIndia’s reach in fintech applications.
    3. Safety and Tracking Solutions: The company has developed devices like Safemate, a compact IoT-enabled safety tracker ideal for personal security, especially for women and children. DriveMate, another key offering, is a plug-and-play GPS tracker for vehicles, compatible with most car models. DriveMate provides real-time data on vehicle status, such as speed, location, battery health, and engine activity.
    4. Smart City & Swachh Bharat Initiatives: In Ambala, MapmyIndia implemented a GPS-guided biometric system to track municipal staff and sanitation workers, contributing to urban management under the Swachh Bharat mission.
    5. Acquisition of VIDTEQ: MapmyIndia acquired VIDTEQ, a Bengaluru-based video mapping innovator, adding video-based route visualization. This acquisition enables users to view route previews within city areas, enhancing route-planning options and user experience.

    Through these ventures, MapmyIndia remains at the forefront of India’s digital mapping and geolocation ecosystem, establishing itself as a critical player in government, safety, urban planning, and consumer applications, while continuously innovating to drive greater value in location-based technologies.

    MapmyIndia – IPO

    The successful IPO launch of MapmyIndia marked a significant step in its growth journey, providing the company with the capital to expand its innovative mapping and geospatial services.

    MapmyIndia IPO is a book-built issue of INR 1,039.61 crores. The issue is entirely an offer for the sale of 1.01 crore shares.

    MapmyIndia IPO bidding started on December 9, 2021, and ended on December 13, 2021. The allotment for MapmyIndia IPO was finalized on December 16, 2021. The shares were listed on BSE, and NSE on December 21, 2021.

    MapmyIndia IPO price band was set at INR 1000 to INR 1033 per share. The minimum lot size for an application was 14 shares. The minimum amount of investment required by retail investors was INR 14,462.

    MapmyIndia – Challenges Faced

    Competitive Landscape

    MapmyIndia operates in a competitive landscape, contending with established players like Google Maps and Apple Maps, as well as emerging competitors in the IoT-powered GPS device sector. Automakers are increasingly looking to develop proprietary mapping solutions, adding another dimension to MapmyIndia’s competition.

    Despite its achievements, MapmyIndia has encountered skepticism from those who argue that India lacks a “map-reading culture.” Such views suggest that while GPS and digital maps are widely accepted, traditional map reading isn’t deeply ingrained in Indian users. Nevertheless, MapmyIndia has persisted in developing and localizing its offerings to cater specifically to India’s unique market dynamics, proving that mapping services can indeed thrive with the right approach and adaptation.

    Proprietor Value

    MapmyIndia has also faced legal challenges, including a high-profile dispute with Ola Electric over alleged breaches of licensing terms. The issue arose when MapmyIndia accused Ola Electric of duplicating its APIs and SDKs to create Ola Maps, which MapmyIndia claims violates their license agreement. Such disputes highlight the proprietary value of MapmyIndia’s mapping technology and the company’s commitment to safeguarding its intellectual property.

    Building precise, reliable maps is a complex endeavor that requires significant time, investment, and expertise. MapmyIndia’s top-down and bottom-up approach, which combines digital tracing and extensive field surveys, underscores the resources and commitment necessary to maintain accurate and updated maps for a country as vast and diverse as India. Through this rigorous process, MapmyIndia has cultivated a rich repository of geographical data, enabling it to compete effectively while carving out a unique identity in the industry.

    Providing accurate and efficient last-mile logistics solutions

    Last-mile delivery demands customized, hyperlocal maps that account for variables like vehicle type, driver behavior, and real-time road conditions—factors critical for quick commerce and timely deliveries. Unlike standard consumer navigation apps, which lack this level of specificity, MapmyIndia must create maps that integrate machine-learning-based affinity navigation to guide drivers effectively, factoring in faster routes, traffic patterns, and even road safety concerns. The nuanced doorstep address system, potholes, and other localized issues also require constant adaptation to ensure optimized and safe delivery routes.

    MapmyIndia – Funding and Investors

    MapmyIndia has raised a total funding of $44.4M over 5 rounds.

    Date of funding Funding Amount Round Name Investors
    Nov 02, 2015 $1.49M Series C Flipkart
    Jul 21, 2011 $30M Series C Zenrin
    Dec 22, 2008 $9M Series B Qualcomm Ventures, Sherpalo Ventures, Nexus Venture, Kleiner Perkins
    July 26, 2007 $2.6M Series A Sherpalo Ventures, Nexus Venture, Kleiner Perkins
    Jun 01, 2006 $1.3M Unattributed Kleiner Perkins,Sherpalo Ventures

    MapmyIndia – Investments

    MapmyIndia has made investments in the following companies:

    Announced Date Name Funding Round Money Raised
    Feb 09, 2023 Indrones Seed Round $849K
    Sep 06, 2023 KOGO Corporate Round $2.83M
    Aug 8, 2022 Nawgati Corporate Round $427M
    Feb 7, 2022 Chargeup Seed Round $9.56M
    Aug 04, 2022 Cusmat Seed Round $4.22M
    Jan 07, 2022 PupilMesh Seed $67K
    Jan 15, 2021 RoaDo Seed $329M
    Sep 28, 2021 Inventa Seed $835K
    Jul 09, 2018 Glasswing Seed $2.35M
    Apr 10, 2018 Zuppa Seed $1.6M
    May 27, 2016 Visit Seed Round $7.79M

    MapmyIndia – Mergers and Acquisitions

    MapmyIndia has acquired the below two companies:

    Acquiree Name Date Price Transaction Name
    Gtropy March 04, 2022 — Provider of GPS-based fleet management solutions
    VIDTEQ India Apr 17, 2017 $360K VIDTEQ India acquired by MapmyIndia

    MapmyIndia – Growth

    Quarterly Decline Amid Strategic Realignment

    In Q1 FY25, MapmyIndia experienced a 6% decline in its consolidated profit after tax (PAT), down to INR 35.9 Cr from INR 38.2 Cr in the prior quarter, driven by the ramp-down of older automotive original equipment (OE) customer programs and adjustments in its IoT-focused business. Operating revenue also saw a 5.1% decline, reaching INR 101.5 Cr. However, year-over-year (YoY) figures showed a positive trajectory, with PAT rising by 12.1% and operating revenue by 13.5%, indicating long-term growth.

    MapmyIndia Financials FY23 FY24
    Total Operating Revenue INR 253.85 crore INR 315.61 crore
    Total Expenses INR 146.08 crore INR 178.89 crore
    Profit/Loss INR 143.15 crore INR 177.11 crore
    MapmyIndia Finacials 2024
    MapmyIndia Finacials 2024

    In FY23, MapmyIndia earned INR 253.85 crore in revenue and spent INR 146.08 crore, making a profit of INR 143.15 crore. In FY24, its revenue grew to INR 315.61 crore, while expenses increased to INR 178.89 crore, resulting in a profit of INR 177.11 crore.

    MapmyIndia strategically shifted its IoT-led business focus towards higher-margin SaaS services over hardware sales, supporting its map-led business, which grew 17.2% and bolstered EBITDA margins to 50.1%. The IoT-led segment, focusing on SaaS, surged by 89.6% in revenue. Chairman Rakesh Verma noted that these efforts increased MapmyIndia’s market reach, especially in AI-driven data analytics and consulting services.

    Diverse Vertical Growth and Key Partnerships

    The company divides revenue across automotive & mobility tech (A&M) and consumer tech & enterprise digital transformation (C&E), with both showing notable YoY growth. A&M grew by 9.5% to INR 45 Cr, driven by partnerships with automotive brands like Mahindra and BYD, while C&E revenue rose by 16.9% to INR 56.5 Cr, supported by major projects such as the UP Police’s Dial 112 and collaborations in e-commerce and delivery efficiency solutions.

    Minor Stake Losses and Continued Growth Outlook

    In addition to its core performance, MapmyIndia reported a share of losses from its investments in KOGO and Indrones, with losses of INR 38 Lakh and INR 18 Lakh respectively. Despite these setbacks, CEO Rohan Verma affirmed the company’s ongoing growth across various customer segments, highlighting its readiness to capitalize on new customer acquisitions and expand use cases within its sectors, including automotive, fleets, and government services.

    MapmyIndia – Advertisements and Social Media Campaigns

    Challenge of Market Dominance and Consumer Outreach

    MapmyIndia is actively strategizing to counter Google Maps’ stronghold in the Indian digital maps space, driven by increasing smartphone adoption and affordable data. Founded by Rakesh and Rashmi Verma in 1995, the company is leveraging national pride with campaigns like ‘Har Ghar Tiranga’ and ‘Meri Maati Mera Desh’, which highlight flag hoisting sites, memorials, and gardens across India in its Mappls app.

    MapmyIndia Har Ghar Tiranga Campaign

    In addition to patriotic campaigns, MapmyIndia is focusing on strengthening its user base through a revamped app and the introduction of digital addresses nationwide. The company recognizes that the Indian market has matured and now sees an increased demand for reliable, homegrown digital maps. CEO Rohan Verma acknowledges the need for a more aggressive marketing push, stating the importance of investing in campaigns to increase brand visibility and consumer reach. The challenge lies in not only enhancing the app’s features but also ensuring that MapmyIndia reaches a broader audience willing to engage with and adopt its mapping services amidst fierce competition.

    MapmyIndia – Awards and Achievements

    MapmyIndia has earned numerous prestigious awards and recognitions, underscoring its excellence and innovation in the digital mapping and location technology sectors.

    • Auto Bild Golden Steering Wheel (2010): Best Product/Service for their MapmyIndia VX140 GPS navigator. 
    • Apollo-CV Truck Application Builder of the Year (2015): MapmyIndia received the Truck Application Builder of the Year award at the 6th edition.
    • Inc India 500 Certificate of Excellence (2013): This award acknowledged their sustained expansion and outstanding performance in the competitive technology landscape.
    • AatmaNirbhar Bharat App Innovation Challenge: Presented by the Government of India to support India’s vision of self-reliance and technological advancement.

    MapmyIndia – Competitors

    MapmyIndia faces competition from several existing and emerging competitors. Some of them are as follows:

    • Google Maps 
    • OpenStreetMap 
    • Mapchart.net
    • Waze 
    • Sygic 
    • OsmAnd
    • HereWeGo

    MapmyIndia – Future Plans

    MapmyIndia is charting an ambitious path toward an INR 1,000 crore revenue target by FY27-28, with the IoT business poised for an impressive tenfold expansion and other sectors expected to grow three to six times. As part of its international vision, MapmyIndia is taking its innovative solutions to new markets across Southeast Asia and the Middle East & North Africa. The company is also investing in full-stack drone capabilities through Indrones Solutions, pushing forward in drone manufacturing and data analytics.

    With a SaaS-driven IoT model expected to see significant growth over the next five years, MapmyIndia is doubling down on its automotive OEM partnerships, which are set to be instrumental in hitting its revenue goals. Meanwhile, increased involvement with the ONDC ecosystem, digitization of land records, and advanced GIS solutions for urban planning signal MapmyIndia’s commitment to supporting India’s digital and infrastructural evolution.

    FAQs

    What is MapmyIndia?

    MapmyIndia is an Indian company offering digital maps, navigation, GPS tracking, and location-based services for businesses and consumers.

    Who are the owners of MapmyIndia?

    Rakesh Verma and Rashmi Verma founded MapmyIndia and are its owners.

    Who are the main competitors of MapmyIndia?

    The main competitors of MapmyIndia include Google Maps, OpenStreetMap, HereWeGo, Mapchart.net, Waze, Sygic, OsmAnd, and many more.

    When was MapmyIndia founded?

    MapmyIndia was founded in 1995.

    Who is MapmyIndia CEO?

    Rohan Verma is the CEO of MapmyIndia. However, in December 2024, he announced his decision to step down from the role to focus on a new B2C venture. He will take on the role of Non-Executive Director on MapmyIndia’s board starting in April 2025.

  • AI Changing the Landscape of the Livestock Sector in India

    Artificial intelligence has ushered in a new era for the agricultural sector, especially the cattle industry. The goal of this change is to make farming in the future more sustainable and less harmful to the environment, not merely more efficient and productive. Through this article, we take a look at how AI is changing the face of cattle farming for the better, leading to happier cows and a cleaner environment.

    When raising cattle, one of the most important things is to make sure the herd stays healthy. Early disease identification and health monitoring are two areas where AI-driven solutions are seeing increased use. For instance, by monitoring habits and vital signs, sensors can detect early indicators of disease. Because of this preventative measure, fewer antibiotics are needed, which leads to healthier cattle and less resistance to antibiotics. Researchers at Vienna’s University of Veterinary Medicine found that disease diagnosis rates might be up to 20% higher with the help of AI-powered surveillance systems.

    Sharing his views on the subject, Dr. Chandan Kumar, Associate Professor, DUVASU Mathura stated, “The AI parts of the dairy automation system analyse the data and give farmers information about things like heat estrous, heat stress, changes in feeding efficiency, and pregnancy status, among other things that are important for farm management. Farmers and businesses would benefit greatly from a fresh start if the government prioritised the promotion and affordable availability of software and technology, as well as the encouragement of animal researchers to pursue careers in this area in conjunction with the IITs.”

    Anand Ramanathan, a partner at Deloitte India, claims that India ranks high among the global manufacturers of dairy products and milk. Still, the dairy business in India is dispersed, no matter how big it is. In addition, he mentioned that an online marketplace allows farmers to visually check the breeds of cattle and the claims made about their milk production.

    Raising Milk Yields
    Combating Toxins: The Part AI Plays in Guaranteeing Feed Safety
    Major Challenges

    Raising Milk Yields

    One measure of a dairy farm’s prosperity is the amount of milk it produces. To improve output, AI systems can examine data on cow health, milk quality, and yield. For example, according to a survey from the Dairy Farmers of America, milk production increased by 10% when AI was used to track udder health. Not only does this efficiency increase profits, but it also reduces the environmental impact by reducing the number of cows needed to produce the same amount of milk.

    The path forward is paved by startups. Their automated solutions use the Internet of Things (IoT) and advanced analytics to boost milk output and quality for small dairy farmers in India, revolutionizing the mostly unorganized dairy sector. Stellapps Technologies, started in 2011 by five individuals with degrees from IIT, is one such company. More than 750,000 small farmers in some of India’s most remote regions, where internet connectivity is extremely limited, use the product or service offered by the Bengaluru-based firm every day. Qualcomm, the Bill & Melinda Gates Foundation, and ABB Technology Ventures (ABV), the venture capital arm of ABB, have all recently invested in it.

    Estimated Value of Artificial Intelligence in Agriculture Market Worldwide From 2023 to 2028
    Estimated Value of Artificial Intelligence in Agriculture Market Worldwide From 2023 to 2028

    Combating Toxins: The Part AI Plays in Guaranteeing Feed Safety

    The health of cattle and the quality of their dairy and meat products are both impacted by pollutants, so it is critical to ensure that cow feed is safe. Toxins in feed can be detected and predicted with the use of AI techniques. As an example, machine learning models may assess past data and present circumstances to forecast the probability of mycotoxin contamination, allowing farmers to implement preventative actions.

    A more sustainable and eco-friendly method is being made possible through the use of AI in cow production. In this green revolution, AI is leading the charge to optimize land and water use and reduce methane emissions. Achieving a balance between sustainability and productivity is crucial for the future of cow farming, and AI can help with that.

    Precision animal feeding and management is eFeed’s forte in India. The company uses AI to generate personalized feed recommendations. This method shows dedication to efficiency and sustainability by trying to reduce emissions of methane while increasing animal yields.

    Major Challenges

    Big data, the Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML) are some of the digital technologies that are modernizing and reshaping agricultural and livestock value chains. India is one of the few developing nations that has been slow to embrace and use digital solutions to transform agriculture, in contrast to countries like the Netherlands, the United States, Australia, and Israel.

    Public-private partnership (PPP) models and large companies are expected to foster digital agriculture adoption in India in the future. However, cost remains a constraint, as input costs for dairy farms are higher and most farms only have average-producing cows. As a result, the adoption rate in India will be affected.

    “While researchers at IIT DELHI and NDRI Karnal have developed AI and fuzzy logic technologies to improve agricultural management, bringing these innovations to market will be a slow process, and we continue to rely on the progress of other nations that have invested heavily in AI and ML. We should hire biotechnologists and bioinformatics experts to investigate and research the potential of these new things in Indian settings, and we need someone to operate this technology,” opined Dr. Kumar.

    This is an ideal opportunity for animal scientists and recent tech graduates to step up and help define the future of India’s livestock industry, as the government has already begun to encourage startups and the timing is right to act.

    Most Profitable Cow Business Ideas For Your Startup
    Cow business startups have rendered themselves extremely profitable. Here are 5 Lastest and Most Profitable Cow Business or Cowpathy ideas for your Startup.
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  • Amdocs: Enabling Digital Transformation for Businesses

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Amdocs.

    With a technologically advanced and competitive corporate sector, almost every company looks forward to transforming its business communication and IT structure. Cloud-migrated, digitized, and automated companies leveraging innovative technologies tend to have better operational efficiency and productivity.

    Enterprises can find several platforms to access innovative solutions, including 5G, communication tools, digitization, cloud migration, and automation solutions. One such platform is Amdocs. It is a software and services provider that enables customers’ digital and network transformation via innovative solutions, expertise, and intelligent operations.

    Let’s dig in for more details about Amdocs, from its founders, mission, and startup story to investments, products, competitors, and more.

    Amdocs – Company Highlights

    Company Name Amdocs
    Headquarters Chesterfield, Missouri, United States
    Sector Software Development
    Founders Avinoam Naor, Boaz Dotan, Morris Kahn
    Founded In 1982
    Revenue $9.4B (2022)
    Website Amdocs.com

    Amdocs – About
    Amdocs – Founders and Team
    Amdocs – Startup Story
    Amdocs – Mission and Vision
    Amdocs – Business Model
    Amdocs – Products and Services
    Amdocs – Challenged Faced
    Amdocs – Funding and Investments
    Amdocs – Mergers and Acquisitions
    Amdocs – Subsidiary
    Amdocs – Patents and Trademarks
    Amdocs – Growth
    Amdocs – Partners
    Amdocs – Awards and Achievements
    Amdocs – Competitors

    Amdocs – About

    Amdocs is a multinational corporation specializing in innovative software and services for media, communication, financial service providers, and digital enterprises. The company unlocks customers’ innovative potential and empowers them to transform their boldest ideas into reality by accelerating their migration to the cloud, digitalizing and automating their operations, differentiating in the 5G era, and providing end users with the next-generation communication and media experiences.

    Amdocs has a global presence with 53 offices located in the United States, Israel, India, Switzerland, the United Kingdom, Ireland, and other areas. It serves billions of consumers worldwide through its relationships with 600+ content creators and 350+ communications & media providers across 85+ countries.

    Amdocs – Founders and Team

    Avinoam Naor, Boaz Dotan, and Morris Kahn are the founders of Amdocs.

    Avinoam Naor

    Avinoam Naor earned a bachelor’s degree in Computer Science at Technion. He was one of the Amdocs founders and was its President and CEO from 1995 to 2002.

    Avinoam Naor - Co-founder, Amdocs
    Avinoam Naor – Co-founder, Amdocs

    Boaz Dotan

    Boaz Dotan graduated from Tel Aviv University. He is the co-founder of Amdocs, and in 1982, he was appointed the company’s first President and CEO. Currently, he is a board member at Retalix Ltd and a partner at AfterDox.

    Boaz Dotan - Co-founder, Amdocs
    Boaz Dotan – Co-founder, Amdocs

    Morris Kahn

    Morris Kahn is an Israeli entrepreneur. In addition to Amdocs, he founded Golden Pages Israel, the Aurec Group, Coral World, and a few more companies.

    Morris Kahn - Co-founder, Amdocs
    Morris Kahn – Co-founder, Amdocs

    Shuky Sheffer is the CEO, and Tamar Rapaport-Dagin is the CFO & COO of Amdocs. Presently, it works with a global team of over 31,000 employees.

    Amdocs – Startup Story

    In 1982, Amdocs was founded in Israel as an offshoot of Golden Pages- the phone directory company owned by the Aurec Group, which Morris Kahn headed. Boaz Dotan was appointed as the company’s first President and CEO. Morris, along with others at Golden Pages, developed a billing software program for phone directory companies. He and Boaz incorporated Aurec Information & Directory Systems for marketing the product.

    50 percent ownership of Aurec Information & Directory Systems was acquired by Southwestern Bell Corporation in 1985, and its name was changed to Amdocs. Within two years, the Aurec Group sold Amdocs’ remaining holdings for approximately $1 billion.

    Amdocs diversify for the first time between 1990 and 1995 by expanding first into the wireline telephony arena and then the mobile space. In June 1988, it went public on the New York Stock Exchange and moved to the NASDAQ Global Select Market in 2014.

    In 1999, Amdocs entered the managed services space and entered many different markets by acquiring multiple companies.

    Amdocs – Mission and Vision

    Amdocs aims to enrich lives and progress society with creativity and technology.

    Amdocs – Business Model

    5G, Automation, B2B Portfolio, Cloud, Digital, Media, and Financial Services form Amdocs’s core business, which has been expanded through several acquisitions and partnerships. The company’s technology, design-led approach, and expertise help service providers accelerate their journey to the cloud, deploy and manage existing and next-generation networks, improve their entertainment offerings, and service customers across multiple channels.

    Moreover, Amdocs sometimes engages third-party vendors and system integrators to provide complimentary products and services, including hardware and software.

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    Amdocs – Products and Services

    Amdocs - Products and Services
    Amdocs – Products and Services

    Amdocs provides multiple products and services, and these are:

    • Amdocs Customer Experience Suite
    • Amdocs Digital Brands Suite
    • Catalog Management
    • Amdocs Subscription Marketplace
    • Commerce & Care
    • IoT
    • Monetization
    • Amdocs Network
    • Network & Service Automation
    • Network Deployment & Optimization
    • OTT & Digital Subscription
    • Amdocs Microservices Management Platform
    • Amdocs Consulting Services
    • Amdocs Low-Code Experience Platform
    • Amdocs Content Mangement Services
    • Amdocs Operations Services
    • Amdocs Delivery Services
    • Amdocs Mobile Network Services
    • Amdocs Systems Integration Services
    • Amdocs Quality Engineering Services

    Amdocs – Challenged Faced

    In early 2000, a counterintelligence investigation was conducted by federal agencies to determine whether Israel was using Amdocs to eavesdrop on U.S. government communications. But no evidence was found in the inquiry.

    Moreover, as per Spy Cables, in 2009, the South African State Security Agency suspected Amdocs of being used by Mossad to spy on South African citizens by tapping their mobile phones to collect information.

    Amdocs – Funding and Investments

    Amdocs has undertaken 1 funding round, i.e., Post-IP Equity Round, on January 1, 2023. Moreover, the company has made the following 10 investments:

    Date Organization Name Funding Round Money Raised Lead Investor
    August 3, 2022 Flow Security Seed Round $10 million –
    December 13, 2021 Lynx MD Seed Round $12 million –
    October 5, 2021 Neural Magic Series A $30 million –
    August 24, 2021 Veego Series A $13 million –
    March 3, 2021 Identiq Series A $47 million –
    October 28, 2020 Juganu Series C $18 million –
    April 16, 2020 Juganu Series B $18 million –
    November 6, 2019 Neural Magic Seed Round $15 million –
    September 4, 2019 Neural Magic Series B $16 million –
    October 12, 2009 Amobee Venture Round – –

    Amdocs – Mergers and Acquisitions

    Amdocs has acquired 22 companies, and the most recent ones are:

    Company Announced Date Price
    MYCOM OSI May 24, 2022 $188 million
    Sourced Group May 12, 2021 $75 million
    Openet July 23, 2020 $180 million
    Telecom Technology Services August 7, 2019 $50 million
    Vubiquity January 30, 2018 $224 million
    Brite: Bill September 14, 2016 –
    Pontis September 14, 2016 –
    Vindicia September 14, 2016 –
    cVidya January 15, 2016 $30 million
    Actix September 3, 2013 –

    Amdocs – Subsidiary

    Amdocs created a subsidiary named ‘Vector Creations Limited’ in 2016.

    You’re touched by Amdocs when…

    Amdocs – Patents and Trademarks

    Amdocs’ intellectual property includes 3 registered patents, primarily categorized into the ‘Computing; Calculating’ class.

    Amdocs – Growth

    Amdocs’ estimated annual revenue in 2022 is $4.3 billion ($101,736 per employee). In January 2022, its valuation stood at $9.4 billion. Moreover, the monthly website visit grew by -4.8%, with 548,432 visits.

    Amdocs – Partners

    Amdocs has 175 partners, of which 159 are technology partners, and 16 are channel partners. Some of them are:

    • Hewlett Packard
    • Amazon Web Service
    • Google Cloud
    • Microsoft Azure
    • Creatio
    • Amdocs eSIM
    • CommBox
    • Perx
    • PayFast
    • TechSee
    • Continual
    • vHive
    • NCTC
    • Zixi

    Amdocs – Awards and Achievements

    Amdocs received many prestigious awards:

    • TWO Coveted Leading Lights 2021 awards for Outstanding Digital Enablement Vendor and Innovative Hybrid Networking Strategy.
    • Amdocs + Airtel won TM Forum’s Excellence Award in the ‘Customer Experience and Trust’ category.
    • The Carbon Disclosure Project recognized Amdocs as a sustainable leader.
    • Amdocs Media’s MarketONE platform won Media Excellent Award in the ‘Payment/Crypto/Commerce category.’

    Amdocs – Competitors

    Some of Amdocs’ main competitors are:

    FAQs

    What is Amdocs and what does it do?

    Amdocs is a multinational corporation specializing in innovative software and services for media, communication, financial service providers, and digital enterprises.

    Who are the founders of Amdocs?

    Avinoam Naor, Boaz Dotan, and Morris Kahn founded Amdocs in 1982.

    Who are the main competitors of Amdocs?

    Some of Amdocs’ main competitors are:

    • IBM
    • Ericsson
    • Inseegi
    • TCS
    • Huawei
    • HP Enterprise Services
    • NetCracker
    • Nokia

    Who is the CEO of Amdocs?

    Shuky Sheffer is the CEO of Amdocs.

  • How Startups Are Using IoT technology to Execute Their Social Mission

    Where it used to be that businesses and industry were some of the worst offenders when it came to pollution and overuse of resources, today many of these same industries are leading the way in what looks to be much more environmentally sound practices. Some have taken the goal of leaving a smaller environmental footprint so seriously that they have made it a social mission. And it’s not just established large companies; even startups that are embracing the practices.

    Here we’ll take a look at how startups are using IoT technology to make their social mission a reality and reach all their goals. It’s become a very interesting and much-talked-about approach that is gaining traction across the globe.

    It’s All About Instant and Constant Access

    When looking into IoT, which stands for Internet of Things, in its simplest form it’s about providing constant insight, data, and status reports. And why is this important? Because IoT technology can be used in so many different ways it’s spanning across all industries and sectors, giving businesses more control and insight than ever before.

    IoT devices, sensors, and applications can help a company to identify potential issues before they become huge, it allows companies to tweak systems and processes to be more efficient, and it helps to cut down errors and lost time. When a company can be more efficient, create less waste and operate to its fullest potential, suddenly its draw on the environment becomes much smaller.

    Some of the most common areas that you’ll find this technology in startups are health care, industrial, manufacturing, and automotive. It makes sense since those industries tend to rely heavily on high-tech tools and systems.

    The Door to Smart Environment Monitoring Systems Has Been Opened

    Any startup that works in the environmental industry will also be able to take advantage of smart environment monitoring systems. The use of sensors and IoT has become mainstream since they provide accurate, timely, and highly important information. Businesses can monitor key metrics in real-time, and these could be so important that they affect the environment, animal life, and even public health. A startup that needs to track water and/or air quality is the perfect example.

    As of 2020, there were more than 26 billion IoT devices worldwide, but that number is expected to almost triple to 75 billion by the year 2025. Again, businesses are acting as leaders in this sense and promoting the kind of technology that people can even use at home in their own lives.

    Startups are Promoting Their Initiatives to the Public

    How does this IoT technology fit with a social mission? Companies understand that competition is steep nowadays, so you not only have to offer high-quality products/services at a reasonable price, but they also need to provide customers with a unique reason to choose their company over others. Cutting prices is no longer enough; nor is it feasible as a startup especially in this climate of high inflation, rising costs, and tight supply chains.

    Startups have realised they need to be creative and by promoting social company values that focus on environmental sustainability, it can appeal to large swaths of potential customers. Customers love a company that cares about the community, and what better way to show they care than by making it their social mission?

    Versatility Is One of the Biggest Strengths of IoT Tech

    In looking at IoT technology, versatility has to be one of its biggest strengths. When you have IoT solutions that work for such varied industries such as waste management, smart buildings, construction, agriculture, logistics, and transportation – then startups would be foolish not to look for a way to work it into their messaging and the company’s systems. Yes, it makes the company look socially responsible, but these solutions can often result in cost savings for the company.

    Startups are always highly sensitive to the budget, as everything needs to be done at the best price possible. So when they can employ a solution that cuts down on waste, human error, time, and people-power, then it makes complete sense to embrace it.

    Regulatory Maintenance Can Be Streamlined

    And in keeping with a social mission, startups need to be sure they are compliant with current regulations and policies. It’s not just about sticking to the rules and following guidelines, there is also the social aspect. It shows the company cares about the town/city, its residents, and its customers.

    Those same sensors may be displaying highly sensitive information that ensures regulations are adhered to at all times, and if there is a danger of that not being the case – an alarm or alert will be sent out.

    Not All in the Same Location – No Worries

    The pandemic made many businesses view remote workforces in a new light, showing just how productive and efficient they can be. But because staff may not be in the same physical location at all times, IoT technology can again be useful. It can be accessed from any device with an internet signal. There’s no need to be in a location together or with the equipment/tools being monitored.

    Turning What Startups Know and Understand Upside Down

    The simple fact is that IoT technology is taking all the traditional knowledge and practices and turning it upside down, forcing startups to re-examine how they go about simple and more complex steps and processes. Making it their social mission gives them a chance to position the business positively in the community.

  • Advantest: Advancing Semiconductor Testing Innovation

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Advantest.

    The semiconductor industry is home to companies engaged in designing and manufacturing semiconductors and semiconductor devices. With the projected growth from $481 billion in 2018 to $726.73 billion by 2027, the semiconductor industry offers lucrative opportunities for related companies.

    Not only semiconductor designers or manufacturers can survive and thrive in the industry, but also companies involved in developing test systems for semiconductors have the potential to capture the market.

    Advantest is a Japanese leading manufacturer of automatic test equipment (ATE) and measuring equipment for the semiconductor industry.

    Let’s learn how Advantest was established, its mission and vision, investments, acquisitions, challenges, growth, and a lot more.

    Advantest – Company Highlights

    Company Name Advantest
    Headquarters Chiyoda, Tokyo, Japan
    Primary Industry Semiconductor
    Founder Ikuo Takedo
    Founded In 1954
    Website Advantest.com

    Advantest – About
    Advantest – Founders And Team
    Advantest – Startup Story
    Advantest – Mission And Vision
    Advantest – Business Model
    Advantest – Products And Services
    Advantest – Challenges Faced
    Advantest – Investment
    Advantest – Mergers And Acquisitions
    Advantest – Patents and Trademarks
    Advantest – Growth
    Advantest – Awards And Achievements
    Advantest – Competitors
    Advantest – Future Plans

    Advantest – About

    Founded in 1954, Advantest is a globally recognized designer, manufacturer, and supplier of testing systems. It offers component and semiconductor test systems along with mechatronics-related products. The company’s leading-edge systems and products are integrated into technologically advanced semiconductor production lines worldwide.

    The company is known for serving worldwide with its offices located across many countries, including Japan, America, Europe, Singapore, Taiwan, the Republic of Korea, and China.

    Advantest – Founders And Team

    Ikuo Takedo is the founder of the company. Presently, Yoshiaki Yoshida is the President and Group CEO and Douglas Lefever is the Group COO of Advantest. Moreover, it is currently employing over 6,000 employees in all its offices.

    Yoshiaki Yoshida, and Douglas Lefever, Present CEO and COO - Advantest
    Yoshiaki Yoshida, and Douglas Lefever, Present CEO and COO – Advantest

    Advantest – Startup Story

    Formerly known as Takeda Riken Industry Co. Ltd, Advantest was founded in 1954. Initially, the company was established as a maker of electronic measuring instruments. It is in 1972 that it entered the semiconductor testing business. Furthermore, the company commenced trading on Tokyo Stock Exchange in 1983 and changed its name to Advantest Corporation in 1985.

    Advantest expanded its semiconductor test business by establishing its North American subsidiary in 1982 and its European operations in Munich in 1983. It entered the New York Stock Exchange market in 2001.

    In 2002, Advantest emerged as one of the founding member companies to establish the Semiconductor Test Consortium (STC) – the first international, industry-wide collaboration. In 2004, the company marked its 50th anniversary and relocated its headquarters to the Shin-Marunouchi Center Building in Marunouchi, Tokyo.

    It entered the mask CD-SEM business and launched the T5501 and T5588 DRAM memory test systems and the M6300 memory handler in 2005. Astronic Corporation sold its semiconductor test business to Advantest for $185 million in 2018.

    Advantest – Mission And Vision

    Its mission is to enable leading-edge technology. The company’s vision is to add customer value in an evolving semiconductor value chain. Therefore, Advantest strives for providing high-quality products and services to customers.

    Advantest – Business Model

    Advantest focuses on manufacturing automatic test and measurement equipment required to design and produce semiconductors for multiple applications, including 5G communications, IoT, AI, machine learning, autonomous vehicles, and more.

    How Advantest Helps to Revolutionize 5G Technology

    Moreover, it conducts R&D for addressing emerging test challenges and applications, producing scanning electron microscopes for photomask manufacturing, developing advanced test-interface solutions for wafer sort and final tests, and offering system-level test solutions and other important test-related accessories.

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    Advantest – Products And Services

    It is recognized for offering SoC test systems, memory test systems, device interfaces, test handlers, SSD test systems, SEM metrology/review, Terahertz systems, electronic measuring instruments, leading-edge products, system level test systems, cloud testing service, test cell and automation solutions, and related products.

    When it comes to global services, the company offers consulting services, uptime services, equipment leasing services, and customer support services.

    Advantest – Challenges Faced

    Advantest faces multiple challenges in its businesses, such as increased pressure from its targeted customers for developing semiconductor and component test systems, mechatronic systems that could reduce testing costs, and catering to the customers that have already come up with internal test solutions.

    Advantest – Investment

    Advantest has made 3 investments and the most recent one was made on September 23, 2021, when proteanTecs raised a total of $50 million.

    Date Funding Round Organization Name Money Raised Lead Investor
    September 23, 2021 Series C proteanTecs $50 million –
    November 7, 2007 Series A D2S $9.2 million –
    May 11, 2007 Series A D2S $4 million –

    Advantest – Mergers And Acquisitions

    The company has made 4 acquisitions by spending more than $1.10 billion and 2 investments. Its latest acquisition was R&D Altanova which was made in October 2021. The other three companies acquired are Essai (January 2020), W2BI (April 2013), and Verigy (December 2010).

    Advantest – Patents and Trademarks

    The company’s intellectual property currently includes 1,938 registered patents, primarily in the category of ‘Testing.’ Furthermore, it has 29 registered trademarks categorized into the ‘scientific and electric apparatus and instruments’ class.

    Advantest – Growth

    The estimated revenue of the company in 2022 is $3.88 billion per year, which increased by 13.92% last year. Moreover, the market capitalization of Advantest as of February 2023 is reported to be at $14.16 billion which makes it the world’s 1165th most valuable company.

    Advantest – Awards And Achievements

    Advantest has garnered a myriad of prestigious awards over 69 years and the recent ones are:

    • Gold medal in the 2022 Gomez IR Site Rankings by Broadband Security Co. Ltd
    • Director-General’s Award for Factory Greening by Kanto Bureau of Economy, Trade, and Industry
    • Laser Industry Award for TAS7500 Terahertz Spectroscopic Imaging System as an Excellent Product
    • IR Good Visual Award
    • Recognized as the World’s #1 ATE Supplier and the Best large Supplier of Chip Making Equipment in the Annual Customer Satisfaction Survey
    • Supplier Excellence Award by iTest Inc

    Advantest – Competitors

    Its primary competitors in the semiconductor and component test system and mechatronics system-related market include:

    • Teradyne inc.
    • Cohu Inc.
    • YIK Corporation
    • UniTest Inc.
    • Exicon Ltd.
    • TechWing Inc.
    • Hon Precision Inc.

    Advantest – Future Plans

    Advantest is looking forward to expanding its business domains beyond developing and selling semiconductor volume production test systems to include adjacent markets, including semiconductor design, evaluation processes and product, and system-level test processes.

    For achieving the same, the company will engage in five strategic issues, including investing strategically, reinforcing core businesses, seeking operational excellence, pioneering new business fields, exploring value to reach a higher level, and promoting ESG initiatives. It is also seeking ways to minimize the environmental impact on the planet and communities.

    FAQs

    What products and services does Advantest offer in the semiconductor testing industry?

    Advantest offers semiconductor testing solutions such as test systems, handlers, probes, and measurement instruments, along with consulting, maintenance, and training services to ensure quality and reliability of semiconductor devices.

    What kinds of semiconductor devices can be tested using Advantest’s solutions?

    Advantest’s semiconductor testing solutions can be used to test a wide range of devices, including microprocessors, memory chips, system-on-chip (SoC) devices, power management ICs, and other types of specialized integrated circuits.

    What is Advantest’s main business focus?

    Advantest provides advanced semiconductor testing solutions and services to ensure quality and reliability of semiconductor devices before they are shipped to customers.

  • What Is Edge Computing? | How Can It Enhance the Customer Experience?

    The world is becoming more digital, and your customers are starting to expect a personalized experience with you.

    Customers love to chat with companies over the phone, but they also expect to get instant answers and personalized interactions with their favourite brands. That’s why they look for ways to engage with your company in new ways.

    The first thing mobile customers want is simple access to information while sitting on a couch or relaxing at home — even for those with limited data plans. Edge computing will help you solve this problem by delivering advanced services right where your customers already spend their time — whether it’s on their laptop, tablet, or smartphone, Let’s get started.

    What is Edge Computing
    Features of Edge Computing
    The Key to Delivering a Delightful Customer Experience
    Three Ways Edge Computing Can Impact Customer Experience
    Why Is Edge Computing Crucial for CX??

    What is Edge Computing

    Simplified Process of Edge Computing
    Simplified Process of Edge Computing

    Edge computing is the technological advancement that enables customers to interact with your website and products without going through the internet. Now, that’s a big deal when you think about it!

    Edge devices such as smart speakers and smartphones can significantly impact how your customers interact with you, resulting in more personalized experiences. Let’s experience some features of Edge Computing.

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    Features of Edge Computing

    Edge can reduce bandwidth bottlenecks and improve response times. When you’re a small business, you don’t have the resources or workforce to handle everything independently. That’s where edge computing comes in.

    Edge computing uses the internet from the edge of your network—anywhere within your local area network (LAN). This means that instead of sending data through your central infrastructure, you can use it directly without going through the rest of the network.

    This can help reduce bandwidth bottlenecks and improve response times. It’s also easier to deploy because it doesn’t require much extra hardware or software.

    Edge computing helps protect against data loss.

    As you know, the internet is a scary place. It’s full of viruses, malware, and attacks from hackers looking to steal your information or cause you harm. We want you to use edge computing for all your online security needs!

    Edge computing is one way to protect your data from getting into the wrong hands by keeping it on your local device instead of on the cloud. With edge computing, you can keep your personal information safe and secure with no worries about someone else snooping around in your data—significant concerning sensitive information like health records or financial records.

    Edge can help you achieve compliance and reduce costs.

    Edge computing can help you achieve compliance, increase security and reduce costs. You can use data to improve your compliance with regulations. This helps you get rid of the risk of fines and penalties.

    By using edge computing instead of traditional servers or cloud storage services like Amazon Web Services (AWS), you can save money while also increasing efficiency and productivity since fewer resources are required for processing tasks at once rather than having multiple servers working together all at once just like how companies would do before with their servers within their networks which require more overhead costs for maintenance,  etc.

    Edge computing aids in improving customer experience management.

    Regarding customer experience management, edge computing is one of the most important trends. Edge computing refers to a new wave of technology that allows companies to run their business processes at the network’s edge.

    This means that instead of having all their data and processing power in one centralized location, companies can now run their own high-speed processing power in their needed neighbourhoods.

    Helps in a real-time conversation between different parties

    This has enormous implications for customer experience management because it allows companies to serve customers better and faster. For example, suppose you have a team responsible for customer support.

    In that case, you might be able to give them more information about your customers so that they can provide better service—and do it faster than ever before!

    And not only does this make life easier for your customer support team (or whoever needs access), but it also makes life easier for everyone else who works at your company: no more waiting for information from headquarters or another office before responding. Edge computing is already transforming how we live our lives in ways that are hard to imagine–but it’s just getting started!

    The Key to Delivering a Delightful Customer Experience

    Benefits of Edge Computing
    Benefits of Edge Computing

    Understanding how edge computing works is the key to delivering a delightful customer experience. For example, let’s say you’re a jewellery store and you want to send a customer an email offering them a discount on their next purchase.

    You could try sending them an email when they check out—but that would mean the customer has to wait until they’ve checked out before getting their discount. Or maybe they won’t see the email at all!

    With edge computing, however, you can send the email immediately after checking out (and even before leaving the store). This will ensure that your customer gets their discount as soon as possible. And because it’s happening in real time, no one has to wait for anything—they get what they need fast!

    Three Ways Edge Computing Can Impact Customer Experience

    1. It will allow you to analyze the data from your customers’ real-time interactions with your products or services. This means you can use that information to improve your products and services and give your customers more personalized experiences.
    2. It will allow you to simultaneously collect and analyze data from different devices—including mobile phones, tablets, laptops, PCs, and even wearables! You can use this information to identify trends among your users to tailor their experiences as closely as possible.
    3. Edge computing will allow for better security because it gives businesses access to all information about their users’ online activities without storing it on their servers. This means that even if someone hacks into one company’s servers or data centre (which often happens), they won’t have access to any private information about that company’s customers—which is good news for everyone involved!

    Why Is Edge Computing Crucial for CX?

    Advantages of Edge Computing
    Advantages of Edge Computing

    When it comes to customer experience, you want to ensure your customers are having a good time. And when it comes to making them have a good time, there’s no better tool than the Internet of Things (IoT).

    But there’s a problem: the IoT is slow and unreliable. It takes up too much energy, and it’s not able to process transactions quickly enough. And since there are so many IoT devices in our homes and bodies, we need better ways for them to communicate with each other.

    That’s where edge computing comes in. Edge computing is where all the processing happens—where machines handle things like machine learning algorithms that can help us understand what our customers are doing online or shopping for with us—and where all these communications between devices happen simultaneously as they’re happening in real-time. It’s an exciting new frontier in tech that will allow us to make our products more valuable and relevant!

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    Conclusion

    The edge computing revolution is in its early stages, with many practical constraints and obstacles to overcome before its potential can be fully realized. But it’s worth keeping tabs on this technology and how it’s likely to affect the e-commerce world. We hope that the points we’ve made here will help you to keep up with ongoing developments and lead you to success in a dynamic marketplace.

    So, in conclusion, Edge computing is undoubtedly an exciting new technology that probably won’t impact your company for a couple of years—but the tech world is so rapidly changing these days that companies are advised to keep their eyes peeled and their ears to the ground.

    FAQs

    What is edge computing?

    Edge computing is the technological advancement that enables customers to interact with your website and products without going through the internet.

    What are the features of edge computing?

    Edge computing uses the internet from the edge of your network—anywhere within your local area network (LAN).

    What is the main purpose of edge computing?

    Edge computing has more than one purpose. But the main purpose remains one only. The main purpose of Edge computing is to reduce long-haul data transfers.

  • 5G Launch in India and Its Impact on the Internet of Things

    With the expansion of the urban ecosystem since the beginning of the 21st century, there is a tremendous technological shift that drives the country forward. India is all set to put its digital revolution game on a higher pedestal through the launch of 5G services in the country. Heralding the dawn of instant connectivity, Prime Minister Narendra Modi launched 5G services in India on 1st October 2022 in New Delhi at the 6th edition of the India Mobile Congress.

    With the rollout of these services, it is expected to benefit more than 98% of internet users. All the telecom giants, including Reliance Chairman, Mukesh Ambani, Aditya Birla Group Chief, Kumar Mangalam Birla, Bharti Enterprises Chairman, Sunil Bharti Mittal, and others, look forward to this development with a lot of hope and optimism. The fifth-generation wireless technology will provide connectivity with higher speed and lower latency, with a capacity greater than that of 4G LTE. 5G will give huge leverage to IoT, AI, AR/VR, and private LTE, all of which will inadvertently support industry 4.0. As a result, IoT service provider will be able to offer users a more seamless experience.

    This article will discuss the impact of 5G on the Internet of Things.

    Internet of Things (IoT)
    IoT After 5G
    Things to Look Out for at the Advent Seamless Experiences

    Which Companies Will Provide 5G Technology in India?

    Internet of Things (IoT)

    According to Ganti and Lei, the basic concept of IoT is to “enable objects of all kinds to have sensing, actuating, and communication capabilities, so that locally intrinsic or extrinsic data can be collected, processed, transmitted, concentrated, and analyzed for either cyber-physical goals at the collection point (or perhaps along the way), or for process/environment/systems analytics (of a predictive or historical nature) at a processing center, often “in the cloud”. These objects range from those that can be employed in infrastructure, critical-infrastructure support, healthcare, education, households etc.

    As per reports, the number of IoT connections will triple to reach 25 billion and the global IoT revenue will soar to reach $1.1 trillion by 2025. As far as India is concerned and its goal of being a $5 trillion economy by 2025, investing more in the expansion of IoT and 5G will be a wise decision. According to McKinsey, the effective rollout of 5G technology alongside IoT in mobility, healthcare, manufacturing, and retail can increase the global GDP by $1.2 to $2 trillion by the end of 2030, which can have an impact of $1 trillion on India by the year 2035.

    Top 12 IoT Startups In India | Indian IoT Startups 2022 List
    IoT or the Internet of things is the new future and the Startup world has already realized that. Check out the top Indian IoT Startups.
    StartupTalkyYash Gupta

    IoT After 5G

    Size of 5G Infrastructure Market Worldwide (2020-2030)
    Size of 5G Infrastructure Market Worldwide (2020-2030)

    As per the projections by the International Data Corporation (IDC), there will be 41.6 billion IoT devices by 2025. In fact, this surge in numbers is also a clarion call for launching 5G services in India as it will demand wireless connections with more reliability, ultra-low latency, high network capacity, and improved availability. 5G will ensure stable connections for the hassle-free functioning of IoT. The latency will be reduced to as low as 1 millisecond, which is 10 times less than 4G. The network hyper densification laid out by 5G networks is going to be commendable, which will result in a traffic-free digital space. With an efficient processing system in place, 5G will ensure optimised network energy consumption.

    The transmission of data through sensors will become more and more efficient. One problem that happens when multiple devices are connected is the menace of erratic connection. 5G can largely solve this problem by bringing together its nuances.

    5G is also going to bring a sea change to the domain of heavy machinery. With the help of advanced data transmission and precise technology, IoT can be employed to operate heavy machinery to better employee safety and protection, especially in hazardous environments. It will also enable better control over those machineries that have to be operated remotely.

    The IoT is also expected to revolutionise the medical industry with the advent of 5G. Through thorough exploitation of technology, telesurgery and remote surgery will become a daily affair. With a speed that could peak at 10 Gbps, it can totally bring about revolutionary changes in the ways in which IoT is managed. It can also penetrate into the diagnostic systems so as to facilitate faster diagnosis and reports with fewer errors.

    At a time when automatic and autonomous cars are on their test runs, the rollout of 5G will have a catalytic effect. The benefit of low latency and high connectivity has far-reaching implications beyond GPS and driving alone. It can reduce accidents and the risks of accidents to a great extent. The unique sensing and connecting facilities can be employed to detect and avert any potential roadblocks. The inadvertent effect that it has on overall traffic goes without mentioning.

    As far as the domestic space is concerned, the confluence of 5G and the Internet of Things will change the way in which a regular household functions. They can be effectively employed to do cleaning and cooking. Floor cleaners and home robots have already become regular purchases in upper-middle-class houses. 5G integration will make them smarter and thus more reliable. Automated gates, cameras, and other security systems will enhance the pursuit of safety within the home to a great extent.

    Things to Look Out for at the Advent Seamless Experiences

    5G is going to be all about immersive experiences rather than just speed and smoothness. It comes with its own threats and vulnerabilities, which need to be simultaneously taken care of while the benefits are enjoyed. With so many integrations going on at the same time, the threat of data leakage is prominent. It is important to know who has access to your data and how it is used. When it comes to the medical industry, this data usage and storage issue has become a more pressing issue.

    The need of the hour is to develop policies that will equip the telecommunication industry and its customers to use 5G technology and IoT in a safe manner. The developments that are stemming only from the technological domain can have far-reaching consequences on the users. The recent discussions on the data protection bill are an excellent attempt in this regard. Through a holistic advancement of technology and awareness, the Indian community can harness the most out of 5G and IoT in all walks of life.

    Conclusion

    The launch of the 5G network is all set to bring a revolution as it will offer ten times faster speed than the current networks. The increased speed will allow the IoT to share and communicate data faster, helping different industries work more efficiently. Thus, the 5G launch in India is going to be a great contributor to the overall success of the economy.

    To get more details on IoT and to know how your business can use it, reach out to CBNITS at business@cbnits.com.

    FAQs

    Is 5G launched in India?

    Prime Minister Narendra Modi launched 5G services in India on 1st October 2022 in New Delhi at the 6th edition of the India Mobile Congress.

    How can a faster network like 5G impact the global GDP?

    According to McKinsey, the effective rollout of 5G technology alongside IoT in mobility, healthcare, manufacturing, and retail can increase the global GDP by $1.2 to $2 trillion by the end of 2030, which can have an impact of $1 trillion on India by the year 2035.

    Where will 5G launch in India?

    At first, the 5G network will be launched in 13 cities in India. These include Delhi, Hyderabad, Ahmedabad, Bengaluru, Gurugram, Chandigarh, Gandhinagar, Lucknow, Mumbai, Pune, Jamnagar, Chennai, and Kolkata.

  • Top 15 Leading Home Automation Startups in India 2022

    With India getting a bit more tech-savvy along with rapidly changing technology around the globe, Indian startups have ventured into a wide range of domains including the development of home automation systems to provide a better lifestyle to the Indians. In this article, we have listed some home automation companies in India, that aim to provide a good experience to their customers.

    From controlling room temperature to lightings, from managing entrance gates and cameras to making the appliances at your home smarter, home automation startups in India have developed some cutting-edge technology. With these startups at your service, comfort is just a click away from you. So, let us take a look at the list below.

    List of Top 15 Home Automation Startups in India

    1. Cubical Labs
    2. Home Brain
    3. Oakter
    4. PicoStone
    5. Fox Domotics
    6. SharpNode
    7. Inoho
    8. Metagan Technologies Pvt Ltd.
    9. eDomotics
    10. Pert
    11. IFIHomes
    12. Silvan Innovation
    13. Thasmai Automation
    14. Build Track
    15. KlickH
    FAQs

    Cubical Labs

    Cubical Labs Homepage
    Cubical Labs Homepage

    Cubical Labs is a Delhi-based home automation startup, founded by three IIT-Guwahati graduates – Swati Vyas, Dhruv Ratra, and Rahul Bhatnagar in the year 2013. The startup offers solutions for building a wireless, cost-effective, safe, and smart home solution, all of which can be controlled remotely through a mobile. They also have products that cover a wide range of utilities including surveillance, control, energy monitoring, and intelligence.

    Home Brain

    Home Brain Homepage
    Home Brain Homepage

    Home Brain is a Gurgaon-based startup that offers automation consulting, designing, and integration with hands-on experience in today’s technological era. It is the brainchild of NetWorld Inc, which is a leading IT-enabled company and some of its products are Security Brain, Lighting Brain, Entertainment Brain, Climate Brain, and Appliance Brain.

    Oakter

    Oakter Homepage
    Oakter Homepage

    Founded by three IITians, Varun Gupta, Nithin David, and Shishir Gupta in 2014. Oakter is a smart home startup based out of Noida that aims to resolve the technical issues faced by Indian homes. The company manufactures products that make the existing home appliances like AC, water-pump, geyser, door-lock, lamp, room heaters, etc smarter. One can also control the home appliances through the Oakter mobile app and schedule it as per their needs.

    PicoStone

    PicoStone Homepage
    PicoStone Homepage

    PicoStone, a  Mumbai-based smart home automation startup that was founded by Virang Jhaveri, Niket Sarvaiya, and Nilesh Jain with a mission to automate every home in India. PicoStone gives its users complete control of their electrical devices at their fingertips and also helps in saving electricity and their product named Butler controls the smart home devices.

    Fox Domotics

    Fox Domotics Homepage
    Fox Domotics Homepage

    Founded in the year 2012, Fox Domotics is a Mumbai-based home automation manufacturing startup widely known in the market for manufacturing Wifi Light Switches, Touch Switches, and Hotel Room Automation Switches. Mohammed Sikander Manihar is the brains behind converting Fox Domotics from just an idea on a paper to one of the successful home automation companies in India.

    SharpNode

    SharpNode Homepage
    SharpNode Homepage

    Founded in the year 2014 by Mohit Agnihotri, SharpNode is again a Mumbai-based home automation startup. It has a product that monitors homes and provides control and security over electric appliances through smartphones or laptops installed SharpNode application. It helps one to guard their prominent home without putting the security guards on the house as it has motion sensors.

    Inoho

    Inoho is a Bangalore-based startup and was founded in January 2014 by IIT Guwahati graduates-Deep Singh and Deepankar Garg. It provides a home automation system containing a switchboard control module, central hub, and a smartphone application. One can control all such switches using their smartphone app even when they’re not at home.

    Metagan Technologies Pvt Ltd.

    Founded in 2015 by Ganesh Prasad Kumble, Metagan Technologies Pvt Ltd. is aimed at providing simple, secure & standard automation solutions to the world. Based out of Bangalore, it manufactures products across various domains including Security & Home Automation, Industrial Automation, Smart City Automation, Healthcare Automation, Agriculture Automation, and Vehicle Automation, etc.

    eDomotics

    eDomotics Homepage
    eDomotics Homepage

    Based out of Bangalore, eDomotics was founded by Ganesh Vudutha and Keshava Varma in 2012. The company aims at providing comfort, convenience, security & safety to its customers. With just a click of a button, customers can control lighting, appliances, entertainment systems, air-conditioning, curtains, sprinklers, or surveillance cameras of their homes.

    Pert

    Pert Homepage
    Pert Homepage

    Based in Bangalore, Pert is a Home Automation solution provider that was founded by Arun Cheela in 2014. It allows its customer to control their 8 switches with just 1 Pert device. It also helps with features like time-scheduled events to carry out routine tasks which otherwise would be time-consuming.

    IFIHomes

    IFIHomes Homepage
    IFIHomes Homepage

    Based out of Bangalore, IFIHomes was founded in the year 2013 by Rohit Khosla. It is one of the leading smart home startups in India that manufactures products in various domains including home automation, secure vision, smart light, as well as solar products. Some popular applications in home automation include universal remotes, smart switches, IP Camera security systems, blinds, lighting, and video door phones, security alarms.

    Silvan Innovation Labs

    Silvan Innovation Labs Homepage
    Silvan Innovation Labs Homepage

    Founded by Avinash Gautam in the year 2008, Silvan Innovation Labs is based out of Bangalore and develops video surveillance, analytics, and home automation solutions products. Its wide range of products includes CBell, a WiFi video doorbell, which calls the owner’s phone when the doorbell is pressed, and Secure, an app-enabled security system, which secures the home against safety hazards such as gas leakages and fires.

    Thasmai Automation

    Thasmai Automation Homepage
    Thasmai Automation Homepage

    Founded in the year 2010 by Karigirish Murthy, Thasmai Automation is based out of Bangalore and offers home automation and home theatre solutions for its customers by making the products and systems that are already used in everyday work together. They also provide home security solutions including CCTV Systems, Anti-Burglary Systems, Video Door Phones, and Biometric Locks.

    Build Track

    Build Track Homepage
    Build Track Homepage

    Based out of Mumbai, Build Track is one of the top home automation companies in India that provides user-friendly solutions that are cost and energy-efficient. All the products are manufactured in-house, and are tested before being delivered and are specially designed to suit Indian conditions. They even won the CII National Award for the Most Innovative Energy Saving Product.

    KlickH

    KlickH is a home automation startup that focuses on home security and automation products for India and is based out of Hyderabad that was founded by Madhu Reddy Salla in the year 2008. It manufactures various products and aims at providing safety, convenience, comfort, etc.

    Conclusion

    With so many companies in the market offering home automation products and services, it has become very easy to make your home smarter. This was our list of Home Automation startups in India. If you are not among them, then connect with us at shubham@startuptalky.com to get featured in the list.

    FAQs

    Who is the leader in home automation?

    HomeSeer is one of the leading home automation companies in India.

    Which company is best for home automation?

    Schneider Electronics, Philips, TIS Control, and Legrand is some of the best home automation companies in India.

    Is Home Automation worth it in India?

    Due to the high cost of home automation, it is considered a luxury in India.

  • Why did the Mobile industry boom in 2020?

    Mobile Industry took its turn during early 1997 when the first GSM sim was introduced in the market. Because of GSM sim cards, it was easier to connect with people in remote areas at a cheap cost. People started buying mobile phones which turned out to be a great success for the mobile industry.

    According to research, 1.38 billion mobile phones were sold worldwide every year. The industry took a pace after companies launching new smartphones which were multi-functional in their use. Presently the youth is too attracted towards new technology ensuring that they are as updated as possible.

    But the major turning point for this industry was the year 2020 in the whole last decade. Here is why the mobile industry is booming every year and especially in 2020:

    5G Connectivity
    COVID-19
    Banking Sector
    Digital Advertisement Growth
    E-Commerce
    IoT Devices
    FAQ

    5G Connectivity

    5G is the 5th generation mobile network introduced in the world to set a new global wireless standard. The wireless technology is meant to deliver hi-speed GBPS data, increased availability of the network, and a uniform experience to its users.

    This speed is achieved by using higher frequency radio waves in addition to low and medium band frequencies used in the 4G Network (the 4th generation network).

    The latest smartphones in our mobile industry are launched with 5G band compatibility which helps to increase the speed of network and internet and also makes the work easier. The next target to achieve better growth in technology is by speeding up which is possible by 5G connectivity.

    COVID-19

    2020 is the year where most effects of the coronavirus pandemic were seen. A worldwide lockdown was going on and physical connectivity was lost, the only way to carry out the routine activities and tasks was through the help of the internet and mobile phones.

    Schools and offices were working on their systems virtually. The mobile industry got the benefit as everyone required a smartphone to carry out their routine activities and scheduled things through the medium of applications present in the smartphone.

    Also, the government was supporting the virtual method as there was a huge rise in the number of Covid patients and helped many people by providing them with smartphones and gadgets at very reasonable costs.

    Mobile manufacturers started focusing on budget smartphones that can be easily purchased by a middle-class person. Mobile companies covered all the losses they had incurred and made huge profits.

    Banking Sector

    One in every four people uses mobile banking services all over the world. Mobile banking provides the convenience and quickness of completing financial transactions via mobile applications and websites which is very feasible for their customers. Thus, banks are convincing their customers to shift to mobile banking which is directly beneficial to the mobile industry as it increases the usage of smartphones.

    Also, many people prefer to keep two separate mobile phones, one for personal use and another one for business, financial, and banking purposes to avoid mobile fraud or any hack.

    A survey was done on mobile banking trends which tells that there’s a growth of 38% in the year 2020 when compared to 2019. The banking sector in collaboration with the mobile industry can achieve much more progress in the future.

    Number of Phone users in millions
    Number of Phone users in millions

    Digital Advertisement Growth

    Looking at the growth in smartphone usage and the drastic shift towards digitalization, many companies are now considering mobile advertisement. These companies advertise through text ads or via SMS or through banner advertisements that appear embedded on a mobile website.

    Mobile Ads
    Mobile Ads

    Mobile marketing is easy to access and a very cost-effective way of marketing. Mobile media has begun to draw more significant attention from the media advertising industry since the mid-2000s, based on a view that mobile media was to change the way advertisements were made.

    Today the techniques have shifted completely and the strategies used are far more advanced. The effect of digital advertisement directly comes to the sales of the mobile industry providing digital content to the audience.

    E-Commerce

    E-Commerce started in 1979 with limited resources, but gradually increased and is now in 2020 at it is at its peak. The rise of E-commerce websites has increased in the past year as the offline stores were closed and people were forced to shop their essential items, online stores through the medium of mobile apps and websites.

    People started looking out for everything on their mobile phones and eventually now it has made people habitual to purchase goods online. This led to immense growth in the E-commerce sector.

    Every year the E-commerce sector of India increases by around 28%. And because of the Covid-19 crisis, it has increased by 41% in the year 2020. The new platform for purchasing goods is convenient and helping the mobile industry to grow even at a faster pace.

    IoT Devices

    The future is based on technology. With this mindset, software companies are focusing on mobile-based IoT devices. IoT devices are computing devices that are connected wirelessly to a network and can transmit data to many devices.

    The connected car technologies and smartwatches are a perfect example of the IoT devices which are connected to the mobile device to show information and transmit data to perform a set of operations commanded by a person. These devices will bring in the new future of the mobile industry.

    Conclusion

    Mobile Industry has seen many changes in the year 2020 and can see many more by the major players like Samsung, Apple, and Oneplus which consistently bring updates to their technology and reforms to meet the increased expectations of the consumers. Mobile phones will be taking over the future for sure with the rapid growth in the industry as well.

    FAQ

    What is the value of smartphone industry

    The smartphones market is valued at USD 714.96 billion in 2020.

    Is the smartphone industry competitive?

    Yes, the smartphone industry is a very competitive industry as it is one of the fastest growing industries in the world.

    Who has the most market share in smartphones?

    Samsung has the most market share in smartphones in 2021.

  • ION Energy – World’s Most Advanced Battery Management & Intelligence Platform!

    With batteries contributing to 40%+ cost in modern EVs, there is anxiety around their longevity and performance (charging time, safety, etc) that require more than just local safety protection. ION Energy is an Advanced Electronics & Software supplier for EVs & ESS. It is focused on building technology that will improve the life and performance of lithium-ion batteries that power electric vehicles and energy storage systems.

    ION Energy is accelerating Earth’s transition to an all-electric planet. With a cutting-edge battery management system, advanced analytics software, and artificial intelligence-powered platform, ION is enabling electric vehicle and energy storage space providers the power of data to make faster and smarter decisions.

    Read this article to know about ION Energy, funding, CEO, founders, turnover, products, business & revenue model, investors, awards, challenges, and growth.

    ION Energy – Company Highlights

    Startup Name ION Energy
    Headquarter Mumbai, India
    Sector Energy
    Founders Akhil Aryan, Alexandre Collet
    Founded 2016
    Legal Name ION Energy Inc.
    Website ionenergy.co

    ION Energy – Latest News
    About ION Energy and How it Works
    ION Energy – Target Market Size
    How was ION Energy Started?
    ION Energy – Product/Services
    Founders of ION Energy and team
    ION Energy – Name, Tagline, and Logo
    ION Energy – Business Model
    ION Energy – Revenue Model
    ION Energy – User Acquisition
    ION Energy – Startup Challenges
    ION Energy – Growth
    ION Energy – Funding and Investors
    ION Energy – Advisors and Mentors
    ION Energy – Acquisitions
    ION Energy – Recognition and Achievements
    ION Energy – Future Plans

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    ION Energy – Latest News

    July 2, 2021 – ION Energy raises a total of $3.6 million in pre-Series A funding round led by retail giants Amazon, followed by angel investors YourNest Venture Capital, Riso Capitol, Venture Catalysts, and others. The funding round was initiated by the eCommerce behemoth’s Climate Pledge Fund, which is set aside by Amazon to support promising sustainability initiatives of startups.

    About ION Energy and How it Works

    ION Energy has pioneered a disruptive battery intelligence platform – Edison Analytics, that is designed to improve performance and extend the life of Lithium-ion batteries. Edison leverages battery data, software analytics, and AI to remotely monitor, predict, and improve battery life. Battery pack manufacturers, OEMs, and electric mobility fleet operators around the world use ION’s platform to optimize their battery management systems (BMS) and build world-class batteries.

    Edison Analytics Features
    Edison Analytics Features

    Both the Founders Akhil and Alex are ardent believers of the first principle thinking and aim to build for the future and plan to shepherd the gradual and seemingly inevitable shift from fossil fuels to electric energy, more importantly in a developing yet booming economy like India. They emphasize the importance of educating and mobilizing the masses about the new alternatives of energy to change the prospect of EV as a niche concept to a mainstream.

    ION Energy – Target Market Size

    Battery storage may be the biggest disruption to the energy sector: Globally, the advanced energy storage market is forecast to grow from an annual installation size of 6GW in 2017 to over 40GW by 2022. In some markets, the improved performance and decreasing costs of batteries are already seeing them displace natural gas from the energy mix.

    The company’s success in international markets have enabled them to sell 25,000 BMS that have been used with 100MWh of batteries last year. ION’s battery technology platform is leveraged by 60+ companies in 12 countries like India, France, Germany, Austria, Poland, North America, South Africa, UK, etc. to optimize their battery management systems (BMS) and build world-class batteries.

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    How was ION Energy Started?

    Despite Akhil’s graduation degree in Finance, he was interested in energy and software, since he was much younger. While he was managing the growth strategy at Haptik as its CPO in 2015, Akhil became intrigued by the launch of the Tesla Model S. The interest piqued further when his father was about to sell his Skoda Superb car and he had suggested converting it into an electric model.

    While doing some research, ION energy Founder Akhil realized that replacing an internal combustion engine with an electric engine would cost him more than half of the car’s cost, i.e. a car which is in the range of INR 50 lakhs would require a battery amounting to INR. 1 Crore! Given the challenge of the exorbitant battery cost (the most expensive component in an EV), Akhil recognized that there was a pressing need to make the batteries affordable and accessible so that it lasts longer, performs better, and eventually, significantly reduces the cost of the vehicle.

    Identifying the gap that no other company in India was catering to this space, ION energy took birth in 2016 in Mumbai. By the next year, ION Energy acquired Freeman SAS, an almost decade-old French company building Battery Management Systems, to boost its core competency. This led to Alex Collet transitioning from his role as a Founder of Freeman SAS to ION Energy’s Co-Founder and marked the international foray of ION Energy with an office in France.

    ION Energy – Product/Services

    ION Energy is an advanced battery management and intelligence platform. A BMS consists of a microcontroller and a bunch of sensors on the hardware so the technology involved is interfacing with this microcontroller through all these sensors and then interfacing this BMS with the battery pack. The core functions that a BMS performs include – data acquisition, protection, storage, and communication.

    Battery Management System
    Battery Management System Hardware

    In terms of the software used, there are various algorithms that run inside the microcontroller which is used to compute certain parameters of the battery such as the state of charge, state of health, range, etc.

    The BMS that’s present in the battery pack has substantial information stored inside it and then there is the cloud that is powerful enough to compute, assess, and analyze. The startup is currently building a telematics unit that can transmit this information via the internet, but in its absence, it is using ION Lens, a telematics gateway unit.

    ION Lens collects information from the BMS through Bluetooth over your phone and uses the phone’s internet connection to transmit information to the cloud in real-time. There is also a PC utility tool called CANView which runs on your laptop through a wired medium to the BMS called CAN. It connects, then your laptop sends info to the cloud in real-time, through the PC.

    The intelligence layer on top of this is Edison Analytics. This is where the data is analyzed on the cloud. The insights are based on the data and the initial calculations that are being done by the BMS placed along with the battery pack locally, without the cloud.

    Get Real Time Alerts with Edison analytics
    Get Real Time Alerts with Edison analytics

    Edison Analytics is designed to improve performance and extend the life of Lithium-ion batteries. Edison leverages battery data, software analytics and AI to remotely monitor, predict and improve battery life.

    Advanced battery management and intelligence platform, ION is focused on building technologies that improve the life and performance of lithium-ion batteries used inside of electric vehicles and energy storage systems. ION also leverages advanced electronics and software that accelerates the effort of engineering teams.

    In 2018, after acquiring an 8-year-old French Battery Management System (BMS) developer – Freemens SAS, ION came out of stealth mode and unveiled its first product UDYR, an easily swappable battery for electric scooters and started commercializing its flagship BMS platform. UDYR’s battery management would allow it to enhance performance and increase battery life by up to 200 percent.

    Electric vehicles are expensive, primarily because of the lithium-ion batteries that power them. The cost of a battery amounts to 40% of the total vehicle cost. While the upside of using lithium-ion batteries is their high energy density, relatively low self-discharge, and low maintenance, on the other hand, they have a limited life. On average, the estimated life of a lithium-ion battery is up to 3 years or 500-700 charge cycles, after which, they need to be replaced.

    This helped them pivot to improve performance and extend the life of lithium-ion batteries that are used inside EVs and ESS with its flagship BMS. ION’s unique advantage is its intelligent ecosystem – BMS + Edison Analytics, that blends advanced electronics, machine learning software, artificial intelligence, and data science with deep domain expertise in energy storage.

    ION Energy o-founder Akhil Aryan explains, “The key differentiator – our battery intelligence platform Edison Analytics, uses real-time simulations and visualizations designed to extend battery life by up to 40% and reduce the overall ownership cost, thus boosting ROI.

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    Founders of ION Energy and team

    ION Energy was founded by Akhil Aryan and Alexandre Collet in 2016.

    ION Energy founders Akhil aryan and alexandre collet
    ION Energy founders

    Akhil Aryan – Akhil Aryan is the Co-Founder and CEO of ION Energy, one of the world’s most advanced battery management and intelligence platform. Akhil has been recognized as one of the Young Achievers of 2020 in the coveted ‘30 Under 30’ Forbes Asia (Industry, Manufacturing, and Energy), and Forbes India (Technology) list, and he has also been featured in Entrepreneur India’s ‘35 under 35’ list. Akhil’s objective is to identify missions and build an environment that helps unlock the full potential of his team.

    One of the most unique things about Akhil is his versatility and ability to get on steep learning curves to understand markets and evaluate business opportunities. ION is a great example of how he converted his childhood fascination into a business, without an engineering degree. He graduated from the University of Mumbai with a degree in financial markets, but Akhil always says that his laptop is his gateway into the world’s largest repository of knowledge and degrees should not be held as assets that create entitlement.

    In his last company – Haptik, one of the world’s largest conversational AI platforms – Akhil led the product team from the start, managed user acquisition and conversion, helping it skyrocket from 100k to 1.5 million users. In 2016, Haptik raised $12M and was on track to become one of India’s largest AI companies (acquired by Jio for $100M). Akhil was instrumental in building a complex Natural Language Processing engine to power the enterprise’s Machine Learning and Artificial Intelligence efforts from the ground up.

    ION Energy Team
    ION Energy Team

    Alexandre Collet – Alexandre Collet is the Co-founder and CTO at ION Energy, a company that is dedicated to reducing carbon footprints and building sustainable cutting-edge technology for lithium-ion batteries with a focus on electric mobility. Alexandre is chiefly responsible for designing and streamlining the technological innovation and product development at ION. A highly proficient engineer, he completed his masters in Power Electronics and Embedded Systems from the University of Grenoble, France.

    Alexandre had a plethora of professional experience before his current electric endeavor at ION energy. In 2011, he founded Freemens SAS, an industry leader in battery management systems, that was acquired by ION Energy in 2018. Freemens SAS was powered into existence on his groundbreaking inventions and scientific research in power electronics architecture, lithium-ion cell aging factors, and state identification at the University of Grenoble, France.

    ION Energy Team
    ION Energy Team

    Inside the company, ION Energy’s CEO Akhil’s role goes beyond the usual responsibilities of product, technology development, and business expansion. As a big believer of first principle thinking, his focus is on turning the green warrior narrative into a business opportunity and exploring ways to reduce the planet’s dependence on fossil fuels.

    ION Energy Co-founder Alexandre seeks to concentrate on the software side of things with an increased focus on developing and scaling Edison Analytics, the world’s first and finest AI-powered state of the art battery data analytics software for all Battery Management Systems. He wants to make ION a household name and the face of advanced battery management and operating systems to unleash an electrical revolution in the world.

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    While Akhil is known as a software entrepreneur, he have always been innately curious about the nature of electrons. It never ceases to fascinate him that adding or removing even a single electron changes the properties of the nucleus of the atom, and hence the overall object! Such altered atoms that have gained or lost electron(s) are called IONs. This is how IONs form the basis of energy itself. The overpowering nature of IONs led to the name of as ION Energy.

    ION Energy Logo
    ION Energy Logo

    “I strongly believe that building, maintaining and optimizing the Energy Ecosystem is the greatest opportunity of our generation. Not only from a financial unit economics point of view, but also environmental impact. As a founder I will ensure that ION Energy remains at the forefront of this movement”, says ION Energy Co-founder Akhil Aryan.

    ION Energy – Business Model

    ION’s full-stack approach blends advanced electronics, IoT, analytics, and AI with deep domain expertise in energy storage. ION’s platform leverages a two-way communication gateway that enables businesses to:

    • Identify factors that are contributing to abnormal degradation of the battery’s health and the magnitude of contribution
    • Take appropriate actions like configuration changes over the air, drive profile changes, or environment changes to continuously improve the life and performance of the battery.
    • Optimize costs and acquire better ROI through all stages of the battery life cycle.

    This is deeply integrated with a license to Edison Analytics, its battery intelligence platform that is offered as a SaaS product. With this core differentiator, ION is overturning the unexceptional rigid, one-time configuration approach adopted by other electronics suppliers.

    ION Energy – Revenue Model

    The company earns its revenue by following three business models:

    • The first one is the BMS sale where a bunch of companies buy its battery management system.
    • The second is the BMS platform license which means companies can use the platform to accelerate their BMS development by two-three years and save million dollars expenses.
    • Thirdly, the subscription to the startup’s software analytics platform which the companies use for diagnostics and warranty validation.

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    ION Energy – User Acquisition

    Akhil Aryan – “Being a startup, we’ve always made it a point to be transparent with our customers. Our communication with our customers has built trust in our company and our platform. At ION, good news can always wait, but if anything goes wrong, we communicate at the earliest and work on correcting our mistakes.
    At ION, it’s our mission to do whatever we can to make our customers successful. That’s why our first 10 customers are still our strongest customers today and brought many more clients to our company”.

    ION Energy – Startup Challenges

    It’s so difficult to capture all the challenges one faces in the early days of a startup. It’s almost always at the intersection of Market, Product, Team & Traction. For the team of ION Energy, the challenges were mostly around timing their product with market maturity and ensuring they’re investing both in product and customers that can help them create short term revenues but also those that have the long term potential for market penetration.

    “Initially when we began operations, one of the biggest challenges we faced was grooming technical talent in-house. There weren’t many engineers who had expertise in the EV sector and the number of engineers who had knowledge in AI and analytics was low as well”, recalls ION Energy co-founder Alexandre Collet.

    When a new market starts shaping up, the talent pool is not mature and so it’s difficult to make significant progress on technology unless there is senior leadership in-house grooming talent. Thus, the company had to train them from the ground up and provide knowledge as well within the sector.

    This helped in creating the core team that today also helps train any new engineer that is hired by the firm. Founders hope that in the future, there will be more experts in the EV sector in particular with colleges like Savitribai Phule Pune University (SPPU), College of Engineering – Pune and the Cummins College of Engineering for Women and institutes like IITs beginning courses specifically to EVs.

    Explaining the concept to investors at a time when there was low awareness of the need and the technology, inadequate infrastructure, lack of push for electric vehicle adoption and localization of technology by regulatory authorities in the country are some other challenges faced by the company.

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    ION Energy – Growth

    ION is India’s largest BMS company with 30%+ market share in the 2/3W space, 10 Crores in revenue and offices in India & France.

    The company has customers like Exicom Tele-Systems Ltd., IBS, Tork Motors, Wamtechnik, Electro-Mechanique Industries (RGM), Swincar, TYVA Energie, and Yotta Solar.

    ION Energy – Funding and Investors

    The initial ION Energy funding came from Akhil (Co-Founder). There are also some seed investors that include Astarc Ventures, Advik hi-Tech and executives from Salesforce, Tesla, Haptik, Nippo Batteries, and Dentsu Aegis. The funds have helped ION Energy in product development and bring the technology closer to mass manufacturing.

    The latest fund, as disclosed by ION Energy, is led by eCommerce behemoth, Amazon via the Climate Pledge Fund, worth $2 billion that the firm set aside to support sustainability initiatives of the startups around the world. Along with Amazon, the other companies that joined the round were YourNest Venture Capital, Riso Capitol, Venture Catalysts, and more, which helped ION Energy to raise around $3.6 million in its pre-Series A funding round.

    ION Energy – Advisors and Mentors

    ION Energy is a part of Shell’s E4 Programme and is mentored by Sushil Jiwarajka, Chairman of OMC Power and founder of Nippo Batteries.

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    ION Energy – Acquisitions

    ION Energy was founded in 2016, and within a year of its inception, ION Energy acquired an 8-year-old French Battery Management System (BMS) developer – Freemens SAS, in a first of its kind cross-border acquisition.

    ION Energy – Recognition and Achievements

    Akhil has been recognized as one of the Young Achievers of 2020 in the coveted ‘30 Under 30’ Forbes Asia (Industry, Manufacturing, and Energy), and Forbes India (Technology) list, and he has also been featured in Entrepreneur India’s ‘35 under 35’ list.

    ION Energy – Future Plans

    The next 5 years are going to be pivotal, not only for ION Energy but also for our planet and the human species. If the company manages to make the e-mobility transition holistically, it will go down in history as one of the largest positive recourse that humanity has made. The move away from fossil fuels will define the generations to come. ION Energy has a major role to play in this transition and they take this responsibility seriously.

    Over the 5 year horizon, the company sees itself managing 10% of all Li-Ion batteries deployed in the country. To make this a reality, they will scale to 100 engineers by 2021 and leverage India’s strength in electronics and software to overcome the lack of lithium resources.

    “We aim to Deliver to the Key Customers with 10x Reliability in – Product + Technology. In the next 18 months, we envision quadrupling the impact and delivering 10x by 2021 to 1GWh under management and $20M in revenue“, says Akhil while talking about future plans.

    Frequently Asked Questions – FAQs

    What is ION Energy revenue?

    The ION Energy turnover is INR 10 crores.

    Who is ION Energy CEO?

    Akhil Aryan is the CEO of ION Energy.

    Is ION Enegy Indian Company?

    Yes, ION Energy is headquarted in Mumbai, India.